revolving door process involving the 20 biggest US commercial banks. We show that regulators who have created a large stock of …

This review attempts to identify treatments of corruption that draw upon characteristics of underdevelopment either as … causes or as consequences. It focuses on three aspects of corruption in developing economies: red tape, rent-seeking, and the … the structure of corruption markets …

endemic corruption simply in terms of unprincipled behaviour. Rather, it is best understood in terms of institutional weakness …

This analysis investigates a political corruption model that builds on previous literature on corruption in hierarchies …. Our study enriches the literature on political corruption emphasizing the contrasting role of the minorities having a … involved into the illicit activity and, eventually, spread the corruption disease. …

interface of labor market policies and public economics. Moreover, how rent seeking and corruption within the informal segment … the gap. We identify conditions under which economic reform in the formal segment will increase the rate of corruption or … reforms may increase corruption instead of reducing it, as claimed previously. …

This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total … departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The … antagonistic lobbying constitutes a contest among the bureaucrats. This paper characterizes the Nash equilibria in lobbying and …

Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a … third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a … because the revolving door publicly signals the firm's eagerness and commitment to rewarding lenient regulators, which …